GLENMARK we can expected upto 1800 RS in 6 to 8 months timeframe, current it will break & retested the support, We can expected good move..
After a bull run stock make Double Top candlestick pattern on chart top. Price Break doubletop neckline, if confirmation is done price approx down approx -8%. Good setup for short trade. Also price break 20Dema Macd bearish crossover Double top target and 50Dema almost a similar price little bit differce. Disclaimer:- This is my personal view for education...
GLENMARK PHARMA Key highlights: 💡⚡ ✅On1day Time Frame Stock Showing Breakdown of Double Top Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 710-. ✅Can Go short in this stock by placing a stop loss above 795+.
*Glenmark Pharmaceuticals Ltd* Inverted H&S Formation on Yearly Basis. Strong Price BreakOut & Sustained. Good to Go! Strong Vol. Consolidation / Continued BuiltUp. Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an Opinion. Happy Investing 😇
Multiple bullish pattern are visible in Glenmark Pharma...Positionally looks good for 660 700 in medium term and then 1000 plus target in long term.
- We have analyzed the price action of Glenmark since 2017 on a weekly TF. - Given that the resistance has been tested multiple times, we as investors will expect it to be weak and a break will mean an up move. - The fact that Glenmark has given a parabolic move of 63% makes it contradictory - If you look at the PE ratio, The PE is up like a mountain making its...
Wave 1 and 2 are both 3 wave sequence structures and Wave 3 will be a 5 wave sequence structure as wave 2 has closed by reatracing wave 1 by more than80% and less than 100% which suffices the rules of wave 1 and 2 Price has formed a 6 Month Demand and the Target is derived as per the FIbo ratio of 161.80% which gives a Reward : Risk ratio of 16.8:1 ENJOY THE...
One can accumulate this in range of 550-650 with the Sl Of ₹490 and Target of 950 and 1050 good breakout can be seen on a quaterly chart.. lets see if it sustains
In Gujarati “ Bhav is Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any trade/investment. The above view is just for educational purpose only.
Reason for long a) Triangle breakout b) volume and price spurt c) weekly breakout possibility SL compulsory
Reason for long a) Mr.14 set up b) vwap support c) good volume d) SL compulsory
Glenmark trend analysis .............................with sl and target
This stock is breaking an important resistance. Keep this in radar.
glenmark latest trend , sell glenmark at 447 , new buying opportunity if close above 455
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
gleanmark has gave a breakout from the trendline and wait for the break high .
447 above glenmark breakout Chart for educational purposes only
Stocks nearing 200 day high by 5% & showing consolidation for the past 30 days with volume above 50 day average